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1533 Springfield Dr, Waxhaw, NC 28173

3 beds • 4 baths • 3435 sqft

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This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $191k initial cash invested.

-19.1%

Cash On Cash

1.76%

Cap Rate

0.29

DSCR

$3,282

Rent

-$3,047

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,282 income − $6,329 expenses = $3,047 out of pocket

Income$3,282Out of Pocket$3,047Mortgage P&I$4,126126%Property Taxes$34010%Insurance$2899%Management$49215%CapEx$1314%Maintenance$1314%Other$82025%

Investment Breakdown

|

Purchase Price

$826k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$165k

Closing costs

1%

$8,257

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,282

Total Expenses

$6,329

Mortgage P&I

126%

$4,126

Property Taxes

10%

$340

Home Insurance

9%

$289

HOA

0%

$0

Property Management

15%

$492

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$820

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